Lactate Salts Market Overview
The lactate salts market Size was estimated at 11.85 (USD Billion) in 2022. The lactate salts market is expected to grow from 12.37 (USD Billion) in 2023 to 18.3 (USD Billion) by 2032. The lactate salts market CAGR (growth rate) is expected to be around 4.44% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Lactate Salts Market Trends Highlighted
The rising demand for lactate salts in the food, pharmaceutical, and animal feed industries is a prominent trend in the market. The increasing popularity of plant-based and fermented food products is fueling the demand for lactate salts as acidifiers, flavor enhancers, and preservatives.
Additionally, the growing adoption of lactic acid bacteria in probiotics and dietary supplements is driving the market growth.
The increasing concerns over synthetic and chemical additives in food products have led to a shift towards natural and organic ingredients, including lactate salts.
Lactate salts offer a safe and effective alternative to traditional acidifiers and preservatives, catering to the evolving consumer preference for healthier and more sustainable food choices.
Furthermore, the rising demand for lactate salts in the pharmaceutical industry is another key factor contributing to market growth. Lactate salts are used as buffering agents, pH adjusters, and drug delivery systems.
The increasing prevalence of chronic diseases and the development of new drug formulations are creating significant opportunities in this segment.
Lactate Salts Market Drivers
Increasing Demand for Biodegradable and Sustainable Packaging
The growing environmental concerns and regulations regarding the use of non-biodegradable plastics have led to a surge in demand for sustainable packaging solutions. Lactate salts, being biodegradable and compostable, are gaining popularity as a viable alternative to traditional plastic packaging materials.
Their ability to protect products from moisture and oxygen makes them suitable for packaging a wide range of food and beverage products. The rising consumer preference for eco-friendly packaging is expected to drive the growth of the lactate salts market in the coming years.
Expansion of the Food and Beverage Industry
One of the main factors fostering the lactate salts market growth is the expanding food and beverage industry.
They are often used in these industries as food additives that can improve flavor and texture and prolong the shelf life of the final products.
If the population continues to grow, the demand for such products will apply pressure on the industries in question to increase their capacities.
Growing Pharmaceutical and Personal Care Applications
Lactate salts are increasingly being used in the pharmaceutical and personal care industries due to their antimicrobial and buffering properties. They are used as excipients in drug formulations to improve drug stability, solubility, and bioavailability.
Additionally, lactate salts are used in personal care products such as soaps, cosmetics, and shampoos, where they contribute to skin and hair health.
Lactate Salts Market Segment Insights
Lactate Salts Market Type Insights
Type Segment Insights and Overview The lactate salts market is segmented into Sodium Lactate, Calcium Lactate, Potassium Lactate, Magnesium Lactate, and Others based on Type.
Among these, Sodium Lactate is the largest segment in the lactate salts market, as it is extensively used in food and beverages as a preservative, pH adjuster, and flavor enhancer. With the rising application of Sodium Lactate in processed foods and beverages, the segment is anticipated to grow in the upcoming years.
Calcium Lactate, as the second largest segment in the lactate salts market, is utilized as a calcium source for food and a buffering agent in pharmaceuticals.
The increasing awareness about the deficiency of calcium among consumers is expected to be a primary factor driving the growth of this segment in the during the forecast period. Potassium Lactate and Magnesium Lactate are among the important types of Lactate Salts used across various industries.
Potassium Lactate acts as a food preservative by controlling acidity and is also added as a flavor enhancer. Magnesium Lactate is used in cosmetics, pharmaceuticals, and food products. The growing demand for Lactate Salts in functional food ingredients and dietary supplements is expected to propel the growth of these segments during the forecast period.
The Others segment comprises Ammonium Lactate, Zinc Lactate, and Iron Lactate, among others. These other Lactate Salts are used in niche industries, such as metalworking, leather tanning, and textile finishing. The growth of the other segments is expected to be due to the high demand for such other Lactate Salts in industrial applications.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Lactate Salts Market Application Insights
Growing applications of lactate salts is a major factor boosting the market size. In terms of Food and Beverages, the application of lactate salts in meals acting as acidulants, pH regulators, and preservatives holds a market revenue of USD 5.4 billion in 2023.
In terms of Pharmaceuticals, lactate salts serve as an excipient and a buffering agent, holding a market size of USD 2.6 billion the same year.
As for Personal Care, lactate salts serve as humectants and skin conditioners with a market size of USD 1.8 billion. The Industrial segment implemented the use of lactate salts as chelating agents and metalworking fluids, holding a market size of USD 1.5 billion in 2023.
The remaining segment is utilized in agriculture, textiles, and leather, which further contributes to the overall market size of the lactate salts market.
Lactate Salts Market End-User Insights
The end-user segment plays a crucial role in shaping the dynamics of the lactate salts market. Manufacturers Utilize lactate salts as buffering agents, preservatives, and flavor enhancers in various food and beverage applications.
Distributors serve as intermediaries between manufacturers and retailers, ensuring efficient distribution and availability of lactate salts to end consumers. Retailers, such as supermarkets, hypermarkets, and e-commerce platforms, provide consumers with convenient access to lactate salts and related products.
Consumers, including individuals and households, represent the ultimate end-users, utilizing lactate salts in food preparation, dietary supplements, and various household applications.
Other end-user segments include industries such as pharmaceuticals and personal care, where lactate salts find applications as excipients and ingredients.
This growth is attributed to increasing demand from the food and beverage industry, the growing popularity of lactate salts as natural preservatives, and rising awareness of their health benefits.
Lactate Salts Market Grade Insights
The Grade segment of the lactate salts market is categorized into Food Grade, Industrial Grade, Pharmaceutical Grade, Technical Grade, and Others. Among these, the Food Grade segment held the largest market share in 2023, accounting for approximately 42.5% of the market revenue.
The growth of this segment is primarily driven by the increasing demand for lactate salts in the food and beverage industry as preservatives, flavor enhancers, and acidulants. The Pharmaceutical Grade segment is projected to exhibit a significant CAGR during the forecast period, owing to the rising demand for lactate salts in the production of pharmaceuticals and medical devices.
The industrial-grade segment is also expected to witness steady growth due to the increasing use of lactate salts in various industrial applications, such as leather tanning, metalworking, and textile manufacturing.
Lactate Salts Market Manufacturing Process Insights
The lactate salts market revenue from the Manufacturing Process segment is projected to expand significantly over the forecast period. Fermentation, chemical synthesis, electrolysis, and others are the four main manufacturing processes for lactate salts.
Fermentation is the most widely used method, accounting for over 50% of the market share in 2023. Chemical synthesis is another important process, with a market share of around 30%. Electrolysis and other processes account for the remaining market share. The growth of the fermentation process is driven by its cost-effectiveness and environmental friendliness.
Fermentation is a natural process that uses microorganisms to convert carbohydrates into lactate salts. This process is relatively inexpensive and does not produce harmful byproducts. Chemical synthesis is a more expensive process, and it can produce harmful byproducts.
Electrolysis is a relatively new process that is gaining popularity due to its high efficiency. The market for lactate salts is expected to grow significantly over the forecast period, driven by the increasing demand for lactate salts in the food and beverage industry. Lactate salts are used as a preservative, flavor enhancer, and acidulant in a variety of food and beverage products.
The growing demand for lactate salts in the pharmaceutical and personal care industries is also expected to contribute to the market growth. The lactate salts market is expected to witness significant growth in the coming years, with a CAGR of 4.44% over the forecast period.
The market growth is attributed to the increasing demand for lactate salts in various industries, including food and beverage, pharmaceuticals, and personal care. Moreover, the rising awareness about the health benefits of lactate salts is further propelling the market growth.
Lactate Salts Market Regional Insights
The lactate salts market is segmented into North America, Europe, APAC, South America, and MEA. The North American region is expected to hold the largest market share in 2023 and is projected to continue to dominate the market throughout the forecast period.
The European region is expected to be the second-largest market for Lactate Salts, followed by the APAC region. The South American and MEA regions are expected to experience significant growth in the coming years.
The key factors driving the growth of the lactate salts market include the increasing demand for lactate salts in the food and beverage industry, the rising demand for lactate salts in the pharmaceutical industry, and the growing awareness of the health benefits of lactate salts.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Lactate Salts Market Key Players and Competitive Insights
The key players in the given industry are currently concentrating all their efforts on research investments, which will result in the launch of new products and the expansion of the existing product portfolios.
At the same time, the key players commonly implement their investment priorities in the form of different collaborations, partnerships, and operations to strengthen their standing in the world market and increase their presence in different regions.
The development of the given market is propelled by the fact that the application of lactate salts is increasingly becoming popular. They are used in a variety of sectors, such as food and beverage, pharmaceutical, and personal care industries. Moreover, their beneficial properties for skincare and lactate salts’ positive impact on human health are becoming well-known.
One of the key players operating in the world market is the German-based company BASF. The primary type of lactate salt that the company produces is currently calcium lactate, sodium lactate, and potassium lactate.
It is a major player in the food and beverage and pharmaceutical industries. One of the reasons that it can be considered a key player is that the company has a broad network of offices and a well-established distribution chain for the delivery of products to target markets.
At the same time, the company is also known for its work on acquiring the best quality of resources for the production of lactate salts and high product quality. Importantly, another reason why BASF can be considered a major actor in this industry is that the company is currently focusing on innovative research and product development in the lactate salt market.
Furthermore, BASF is also known for its efforts to minimize the environmental impact of its operations. However, another active player in the industry is Ingredion. It is also involved in the production of a diverse range of lithate salts, including sodium lactate, calcium lactate, and potassium lactate.
Key Companies in the lactate salts market Include
- Grain Processing Corporation
- Archer Daniels Midland
- Ingredion
- Tate Lyle
- Galactic
- Cargill
- Corbion
- Barentz International
- Sensient Technologies
- Kerry
- BASF
- ICL
- Lonza
Lactate Salts Market Developments
The market growth is attributed to the increasing demand for lactate salts in the food and beverage industry as a preservative and acidulant. Additionally, rising awareness about the health benefits of lactate salts, such as their role in maintaining gut health and reducing muscle fatigue, is driving market expansion.
Recent developments include the launch of innovative lactate salt-based products, such as slow-release formulations and encapsulated forms, offering enhanced stability and functionality.
Strategic partnerships and acquisitions among key players are also shaping the market landscape, leading to the consolidation of the industry.
Lactate Salts Market Segmentation Insights
Lactate Salts Market Type Outlook
- Sodium Lactate
- Calcium Lactate
- Potassium Lactate
- Magnesium Lactate
- Others
Lactate Salts Market Application Outlook
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Industrial
- Others
Lactate Salts Market End-User Outlook
- Manufacturers
- Distributors
- Retailers
- Consumers
- Others
Lactate Salts Market Grade Outlook
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Technical Grade
- Others
Lactate Salts Market Manufacturing Process Outlook
- Fermentation
- Chemical Synthesis
- Electrolysis
- Others
Lactate Salts Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
11.85(USD Billion) |
| Market Size 2023 |
12.37(USD Billion) |
| Market Size 2032 |
18.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.44% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Grain Processing Corporation, Archer Daniels Midland, Ingredion, Tate Lyle, Galactic, Cargill, Corbion, Barentz International, Sensient Technologies, Kerry, BASF, ICL, Lonza |
| Segments Covered |
Type, Application, End-User, Grade, Manufacturing Process, Regional |
| Key Market Opportunities |
Increasing demand from the food and beverage industry Growing awareness about health benefits Expanding applications in the pharmaceutical industry Rising consumption in emerging markets Demand for eco-friendly and sustainable products |
| Key Market Dynamics |
Growing demand for bioplastics Increasing usage in the food industry Rising awareness of health benefits Expanding applications in pharmaceuticals Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The lactate salts market is estimated to grow at a CAGR of 4.44% from 2024 to 2032.
The lactate salts market is anticipated to reach an overall valuation of USD 18.3 billion by 2032.
The Asia-Pacific region is projected to dominate the lactate salts market throughout the forecast period.
Lactate Salts are primarily used in the food and beverage industry as acidulants, preservatives, and flavor enhancers.
Key competitors in the lactate salts market include Archer Daniels Midland Company, Cargill, Incorporated, and Ingredion Incorporated.
Increasing demand for processed foods and beverages, growing awareness of health and wellness, and technological advancements drive the growth of the lactate salts market.
Increasing demand for processed foods and beverages, growing awareness of health and wellness, and technological advancements drive the growth of the lactate salts market.
Increasing demand for processed foods and beverages, growing awareness of health and wellness, and technological advancements drive the growth of the lactate salts market.
The lactate salts market size is estimated to be around USD 12.37 billion in 2023.
Economic downturns, fluctuations in raw material prices, and stringent regulations can potentially hinder the growth of the lactate salts market.
